A five-story office building on the Georgetown waterfront has quietly been put up for sale, reopening a long-running saga for a property that has wrestled with vacancy and financial strain. The office component of the Harbourside complex at 2900 K St NW, often referred to as Harbourside North, is being marketed as a rare whole-building opportunity on a stretch of K Street that almost never turns over. Neighbors and would-be buyers are watching to see whether a deal brings new office tenants, an embassy, or a different use altogether.
The listing first surfaced publicly on June 30 in the Washington Business Journal, which reported that brokers had moved to market the office portion after years of underuse. That coverage followed commercial offering materials and photos of the building that have been circulating among prospective buyers.
What's on the market
The listing on LoopNet presents the property as a five-story Class A office building with a turnkey executive conference center, controlled access and on-site parking. It is pitched as a fit for embassies, universities or corporate headquarters. The marketing materials highlight that the office space is largely vacant and lean heavily on its proximity to M Street, the C&O Canal and the Potomac waterfront, a combination that helps make a whole-building sale in Georgetown a relative rarity.
Long, troubled history
The decision to sell the office component follows a run of financial trouble, including a Chapter 11 filing in March 2024, as reported by the Washington Business Journal. Public filings and offering documents also note that the north tower’s top floor includes several separately owned luxury residential condominiums, a legal wrinkle that can complicate any whole-building deal. Those ownership details are outlined in SEC filings.
What buyers will face
Any bidder will have to navigate Georgetown’s tight rules and the presence of private residences in the building, factors that limit large-scale conversion options and raise the bar for potential buyers. The offering brochure frames the property more as an owner-user or institutional play than a straightforward redevelopment bet, according to the listing on Crexi.
What’s next
Marketing materials state that Transwestern’s Mid-Atlantic capital markets team, along with online platform Ten-X, is presenting the office component for sale, per the offering page on Crexi. No asking price has been posted publicly, and brokers are directing interested parties to request full offering materials and begin due diligence.
In a neighborhood where waterfront parcels rarely trade as whole assets, this sale could quietly reset who occupies the block if a buyer chooses to hold and re-tenant rather than pursue a heavier redevelopment. Local market reviews point to a shortage of comparable trophy office opportunities in Georgetown, suggesting the eventual owner could wield outsized influence over the area’s tenant mix. For broader neighborhood context, see GeorgetownDC.
